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Strategies & Market Trends : The Millennium Crash

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To: MythMan who wrote (1569)	11/11/1997 6:53:00 AM
From: Arik T.G.	Read Replies (1) of 5676

Pete, Didn't catch your meaning. If you mean MSFT then here's my latest: The gap at $100 is still waiting to be filled. MSFT has weathered the down pull of the market better then most stocks. However, it is starting to crack at the seems. 5 EMA has stayed below 21 EMA for too long now, and the graph looks like KO (another bellweather) did in July at 68 before it took a big hit. BTW it was my first big short success. I bot Aug 65 puts for $2.25 and sold a week later for $9.25 I'm not saying that it will, but pointing for a good chance that MSFT will take a fall, and if it will, that it should close the gap at 100. So my recommendation is buying naked Dec 120 puts which pricing does not reflect this possibility. Closing if the stock reaches 135 again. IMO the odds of x10 gain are greater then the risk. I own Nov 120 AND Dec 120 puts. ATG

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